Propylene Glycol

Analysis of the 2025 Propylene Glycol Market Size: Global Propylene Glycol Market Sales to Reach US$8.848 Billion

China Report Hall Network News, common types of propylene glycol include 1,2-propylene glycol and 1,3-propylene glycol, which are widely used in many fields. In recent years, the global propylene glycol market has shown a trend of steady growth. The following is an analysis of the 2025 propylene glycol market size.

Global Propylene Glycol Market Size

(1) Overall Scale and Growth Trend

The "2025-2030 China Propylene Glycol Industry Development Trend and Competitive Strategy Research Report" pointed out that in 2023, the global propylene glycol market capacity reached US$5.3 billion. With the continuous expansion of downstream application areas and the gradual recovery of the global economy, the global propylene glycol market size is expected to continue to expand.

(2) Regional Market Size

In 2024, the North American market share will be about 35%, dominated by giants such as DOW and LyondellBasell. The demand for propylene glycol in the North American market mainly comes from the chemical, pharmaceutical, and cosmetic industries. With the stable economic development of countries such as the United States and Canada and the continued growth in demand for propylene glycol in various industries, the scale of the propylene glycol market in North America is expected to maintain steady growth. However, the US tariff policy has led to an increase in China's export costs, and some orders have been transferred to Southeast Asian factories, which may have a certain impact on the supply pattern and price of the North American market.

In 2024, the European market share will be about 25%, and BASF and Shell will have leading technology. The European market has high requirements for the quality and environmental protection of propylene glycol, and strict regulations (such as REACH and EFSA). As European countries attach importance to environmental protection and sustainable development, the demand for bio-based propylene glycol in the European market is expected to grow rapidly. It is estimated that the European market will account for 23% of the global market share in 2031, and the growth rate of demand for bio-based propylene glycol will exceed 8%.

China's propylene glycol market scale

(1) Overall scale and growth trend

In 2023, the capacity of China's propylene glycol market will reach 10.675 billion yuan. With the continuous development of the domestic economy and the continuous expansion of downstream application fields, the scale of China's propylene glycol market has shown a steady growth trend. In the future, with the upgrading and technological innovation of the domestic chemical industry, as well as the promotion and application of emerging products such as bio-based propylene glycol, the scale of China's propylene glycol market is expected to continue to maintain rapid growth.

(2) Regional market size

The East China region occupies 43% of the market share relying on a complete polyurethane industry chain. The region has a developed chemical industry, many downstream application companies, and a large demand for propylene glycol. At the same time, the convenient transportation and developed logistics in East China also provide convenient conditions for the transportation and sales of propylene glycol.

Benefiting from the agglomeration of new energy industries, South China will see a demand growth rate of 26% from 2021 to 2023. With the rapid development of industries such as new energy vehicles, the demand for propylene glycol in South China will continue to grow. In addition, the high degree of openness in South China has attracted many domestic and foreign companies to invest in building factories, further promoting the development of the propylene glycol market.

North China, Central China, Northeast China, and Western China also have certain propylene glycol market demand, but the scale is relatively small. With the economic development and industrial structure adjustment in these regions, the demand for propylene glycol is expected to gradually increase.

Forecast of the future propylene glycol market size

(1) Forecast of global market size

The global propylene glycol market size will continue to grow in the future. By 2031, the global propylene glycol market sales will reach US$8.848 billion, with a CAGR of 7.8% from 2025 to 2031. This growth is mainly due to the growth of pharmaceutical-grade demand, regional market reconstruction and the expansion of emerging application areas. The analysis of the propylene glycol market size points out that the expansion of the global pharmaceutical and medical device market will drive the demand for high-purity propylene glycol; the expansion of production capacity in emerging markets such as China and Southeast Asia will replace part of the import share of Europe and the United States; emerging fields such as new energy vehicles and 3D printing materials will become new engines for the growth of the propylene glycol market.

(2) Forecast of China's market size

It is expected that the scale of China's propylene glycol market will continue to grow rapidly in the future. With the upgrading and technological innovation of the domestic chemical industry, as well as the promotion and application of emerging products such as bio-based propylene glycol, the share of China's propylene glycol market in the global market will continue to increase. By 2031, China's propylene glycol market is expected to account for 15% of the global market, with a CAGR of over 10%. At the same time, domestic policy support and the continuous expansion of downstream application areas will also provide strong guarantees for the development of China's propylene glycol market.

China's "14th Five-Year Plan" clearly lists propylene glycol in the list of green chemicals for key development. The government will continue to introduce a series of preferential policies and measures to encourage and support the development of environmentally friendly industries such as bio-based propylene glycol. These policies will include tax incentives, financial support, and technical research and development support, providing strong policy guarantees for the healthy and rapid development of the propylene glycol industry.